FTSE 100 weekly technical analysis for 21 to 25 march 2016

FTSE 100 index this week closed with gain. After last week profit booking, this index resumed recovery rally. Weekly chart price trend is down but momentum is bullish on account of recovery phase. On upside my target is 6305 and if ftse cross this levels then expect 6500+ target for calendar month of March. On downside major support is deep downside at 5900. Traders hold long positions for ftse future with price targets 6300 and then possibly 6500 with strict trailing stop loss.

The Author

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.